Bank Reconciliation
Bank Reconciliation is a simple but detail-oriented process for ensuring your records agree to those of your bank, which in turn validates that what you've bought and sold has been paid for in the amounts recorded.
Big Business 14 updates the Bank Reconcilation to have moveable columns and a simpler layout with Deposit and Withdrawl columns for Cash, Checking, or Savings, and show Payment and Charge columns for credit accounts, Loan and Credit Card.
To create a new Bank Reconciliation:
1. From the Banking toolbar, select the Bank Reconciliation tool.
2. Enter the desired date, and select the Bank Account to be reconciled.
3. Enter any Bank Fees, Interest Earned, and the Ending Balance.
4. Click once on each cleared transaction, or using the Selection tool in the upper left corner choose: Select All, Select Through Date, or Deselect All.
Your Bank Reconciliation is complete when the calculated Difference is zero.
5. Click the OK button to save.
Chapter 74 BigCommerce Guide
BigCommerce Guide helps you choose BigCommerce Connect options in BigBusiness.
BigBusiness can get new customers and orders from BigCommerce in batch or realtime. BigBusiness can also put new items, prices, and inventory updates into BigCommerce.
BigCommerce Connect lets you select just the options you want, or add any you need.
Balance Adjustment
Big Business does not allow you to post directly to Bank Accounts using the General Journal tool. In order to create a bank transaction which can be reconciled, you must use a Balance Adjustment in lieu of a General Journal entry between a Bank Account and a Category. Use a Transfer in lieu of a General Journal entry between two Bank Accounts.
To adjust a Bank Account balance:
1. Open the Bank Account Card
2. Go to the History tab
3. Click the plus button ("+") in the upper right hand corner of the Transaction list
4. Select Balance Adjustment if you want to post to a non-bank Card. Select Transfer... if you want to post to another Bank Card.
5. Enter a Reference, Date, Amount, and Account or Category as appropriate and save the Transaction.
6. Close the Bank Card.
NOTE: The Bank Card will not update until it has been closed. If you are making an entry for reconciliation purposes, it will not be available unless you close and reopen the Bank Card and the reconciliation in progress.
BOM Locked
BOM Locked prevents errors by locking the Bill of Materials tool for items on Orders.
Built Items can allocate the components listed in the Bill of Materials when on Orders. BigBusiness locks the BOM tool on items with a Qty Allocated
Unlock Bill of Materials
Unlock Bill of Materials lets you set Special Access per Employee to Locked BOM's.
Locked BOM protects Allocations by locking the Bill of Materials for items on orders.